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Cave Creek, AZ 85331

Single-Family Homes

Here is your weekly Market Update!



Cave Creek, AZ 85331

Thu Sep 21 2023
This week the median list price for Cave Creek, AZ 85331 is $1,050,000 with the market action index hovering around 42. This is an increase over last month's market action index of 39. Inventory has increased to 93. Click here to stay informed with the Cave Creek market!

Market Action Index

This answers “How’s the Market?” by comparing rate of sales versus inventory.

Slight Seller's Advantage

In the last few weeks, the Market Action Index has resumed a climb. Despite the fact that we’re in a Seller’s market, prices have not yet resumed upward momentum. However, it is likely that given these conditions, prices will at least level off very soon. If the increasing trend continues, expect that prices could shift higher quickly.

Cave Creek, AZ 85331

Thu Sep 21 2023
This week the median list price for Cave Creek, AZ 85331 is $1,050,000 with the market action index hovering around 42. This is an increase over last month's market action index of 39. Inventory has increased to 93. Click here to stay informed with the Cave Creek market!

Market Action Index

This answers “How’s the Market?” by comparing rate of sales versus inventory.

Slight Seller's Advantage

In the last few weeks, the Market Action Index has resumed a climb. Despite the fact that we’re in a Seller’s market, prices have not yet resumed upward momentum. However, it is likely that given these conditions, prices will at least level off very soon. If the increasing trend continues, expect that prices could shift higher quickly.

Real-Time Market Profile

Never miss important changes in the Cave Creek market.
Median List Price $1,050,000
Median Price of New Listings $987,500
Per Square Foot $407
Average Days on Market 106
Median Days on Market 56
Price Decreased 43%
Price Increased 2%
Relisted 8%
Inventory 93
Median Rent
Market Action 42
Slight Seller's Advantage

Prices in this zip code have been on a downward trend recently and this week, while essentially flat, doesn't break us out of that cycle.

Market Segments

Each segment below represents approximately 25% of the market ordered by price.

Median Price Sq. Ft. Lot Size Beds Bath Age New Absorbed DOM
$2,000,000 4,025 1 - 2.5 acres 4 5 16 2 4 98
$1,385,000 3,016 1 - 2.5 acres 4 3 21 4 1 35
$934,000 2,292 0.25 - 0.5 acre 3 3 21 5 2 84
$732,000 2,199 6,500 - 8,000 sqft 3 2.5 25 3 5 38